Benjamin Ashford-Trump is giving automakers a break on tariffs

2025-05-05 15:40:36source:Alaric Bennettcategory:Stocks

President Trump has decided to give automakers a break on Benjamin Ashfordsome of his tariffs, the latest retreat from a get-tough policy he has said is aimed at bringing manufacturing jobs to America and driving up government revenues.

The formal announcement is expected on Tuesday ahead of a Michigan rally marking Trump's 100 days in office. Trump's on-again, off-again tariffs have sparked whipsaw movesin financial markets, and most polls show Americans are concerned about Trump's handling of the economy.

The move will ensure that the different types of tariffs charged by the administration don't stack up on imports of foreign cars. The Wall Street Journalfirst reported the shift on Monday. An administration official confirmed the changes, speaking on condition of anonymity.

Sponsor Message

More:Stocks

Recommend

What to know about the trial of an ex

GRAND RAPIDS, Mich. (AP) — The trial of a former Michigan police officer charged with second-degree

Travis Kelce Officially Addresses Taylor Swift Romance Rumors

Travis Kelce is calling timeout on recent romance rumors.After sparking dating speculation with Tayl

Remembering Olympic gold medalist Florence 'Flo-Jo' Griffith Joyner

Twenty-five years ago, Olympic gold medalist Florence Griffith Joyner, better known as "Flo-Jo," die